Franklin Square has named Marc Yaklofsky as senior vice president of corporate development. Previously, Yaklofsky worked at Nomura Holding America.
PHILADELPHIA – Nov. 23, 2015 – Franklin Square, a leading innovator of alternative investments, today announced that it has hired Marc Yaklofsky as Senior Vice President of Corporate Development. Mr. Yaklofsky will lead business development and strategic initiatives, while further developing Franklin Square’s stakeholder communication efforts.
“Marc has extensive experience in business development and stakeholder relations, and is an excellent addition to our team,” said Michael F. Gerber, Executive Vice President of Franklin Square. “As we have grown as a firm, so too have our opportunities to execute on strategic initiatives, and we look forward to Marc helping us continue our growth.”
Mr. Yaklofsky was most recently Managing Director, Head of Stakeholder Relations, Office of the CEO for Nomura Holding America, where he oversaw messaging to Nomura’s key stakeholder groups, including equity and debt investors, rating agencies, clients and trading counterparties. Mr. Yaklofsky also managed strategic initiatives for the Office of the CEO. During his tenure at Nomura, the firm received a two-notch credit rating upgrade from both Moody’s Investors Service and Fitch Ratings, and raised $3.75 billion in the U.S. senior unsecured debt markets.
“This is an exciting time at Franklin Square. The firm is on a tremendous growth path that brings new needs in terms of strategic execution and stakeholder relations, and I look forward to helping drive those efforts,” said Marc Yaklofsky.
Before joining Nomura in 2010, Mr. Yaklofsky was a Director in Investor & Rating Agency Relations at Merrill Lynch, and later at Bank of America, where he served as a senior spokesperson for the firm’s equity and debt investors, and a primary relationship manager with the rating agencies.
Prior to that, he was a Senior Director in the Structured Finance Business Development and Strategy Group at Fitch Ratings, where he devised and executed growth strategies across asset classes in the asset-backed finance sector, including credit cards, student loans and autos.
Earlier in his career, Mr. Yaklofsky was a Senior Financial Institution Analyst at the Federal Reserve Bank of New York, responsible for assessing the overall safety and soundness of a portfolio of large, complex banking organizations.
He holds a BSBA from Bucknell University and an MBA from the Syracuse University School of Management.
About Franklin Square
Franklin Square is a leading manager of alternative investment funds designed to enhance investors’ portfolios by providing access to asset classes, strategies and asset managers that typically have been available to only the largest institutional investors. The firm’s funds offer “endowment-style” investment strategies that help construct diversified portfolios and manage risk. Franklin Square strives not only to maximize investment returns but also to set the industry standard for best practices by focusing on transparency, investor protection and education for investment professionals and their clients.
Founded in Philadelphia in 2007, Franklin Square quickly established itself as a leader in the world of alternative investments by introducing innovative credit-based income funds, including the industry’s first non-traded BDC. The firm managed approximately $17.0 billion in total assets as of September 30, 2015, including $15.7 billion in BDC assets, making it the largest manager of BDCs. For more information, please visit www.franklinsquare.com.